microfinance, empowerment, women, banks linkage program


Poverty is extensive in India even though it has enhanced any of the worldwide frugality in 1990s through the Structural Adjustment Program. The purpose of the article is to review documents on microfinance through self-help group and banks linkage program in poverty elevation in rural India. The main methods used in the research were methods of comparative analysis and generalization. The information base of the research was financial and statistical reports, as well as the results of conducted surveys. India’s saving is flourishing at a faster rate but the benefits of it are not evenly delivered in the country. The ending from 1999-2000 to 2004-2005 proverb rapid tumor in the country frugality but it has not profitable to destroy the question of inaction. However, a excellent step towards the want relief was naive 1992 accompanying the establishment of the organization of Microfinance through the Self-Help Groups-Bank relation program popularized by National Bank for Agriculture and Rural Development (NABARD). The microfinance program by NABARD has originally begun in 13 recognized arrangement states that reports 70% of country weak community. The popular model in Indian data processing machine finance circumstances is the SHG-Bank relation model. The study erect that the microfinance program not only assisted in extermination of want but too in financial authorization of country mothers. It has happened in harvests, invention of more creative property and raised enrollment. But it has several questions in the way that extreme interest rate, undertaking costs, lack of skill, alternative in exercise etc.


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Author Biographies

Sripal Srivastava, Galgotias University

Scholar, Galgotias University, Greater Noida, India

Jaideep Sharma, Galgotias University

Dr., Guide & Associate Professor, Galgotias University, Greater Noida, India

Sandeep Kumar Gupta, AMET University

Ph.D. (B.H.U.), FDP (IIM, Indore), ADP (Wharton School, USA) QIP (IIT BHU), AMET Business School, AMET University, Chennaiб India


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Government of India. Ministry of Statistics and Program Implementation. (2001). Consumer Expenditure, Employment &Unemployment and Non-agricultural Enterprises in Role of Micro-Finance through Self-Help Group-Bank Linkage Program in Poverty Alleviation of Rural Areas in India. The Informal Sector in India NSS 55th round (July’ 1999-June’2000). New Delhi: National Sample Survey Organisation. URL: http://www.iaeme.com/IJM/index.asp 678 editor@iaeme.com.

Government of India. Ministry of Statistics and Program Implementation. (2006). Employment and Unemployment in India 2004-05 (Part I): NSS 61st round (July 2004-June 2005). New Delhi: National Sample Survey Organisation.

World Bank. (2007). Microfinance in South Asia: Towards Financial Inclusion of the Poor. Washington DC: World Bank.

Government of India. Planning Commission. (2009). A Hundred Small Steps on Financial Sector Reforms. New Delhi: Sage Publications.

Shamim, Mohd., & Khan, M. Mohd. (2010). Micro Financing through Self Help Groups in India: Issues and Challenges. In J.U. Ahmed, D. Bhagat & G. Singaiah (Eds.), Micro Finance in India: Issues and Challenges (pp. 15-22). New Delhi: DVS Publishers.

Mali, D.D. (2011). Self-help Groups (SHGs) and Micro Credit Mobilization. In Sudhanshu. K. Das & Sanjay. K. Das (Eds.), Micro Finance and India’s Rural Economy (pp.1-11). New Delhi: New Century Publications.

Ibid., p. 3.

Singha, R. K. P. G. (2010). Micro Finance in India: A Critical Analysis of SHG-Finance in India: Issues and Challenges New Delhi: DVS Publishers. pp. 191-198.

Government of India. National Bank for Agricultural and Rural Development. (2017). Status of Microfinance in India 2016-17. Mumbai: NABARD.

Barman, P., & Bhattacharjya, A. (2015). Role of SHGs in Rural Development of Assam - A Study of Some SHGs of Kamrup District of Assam. International Journal of Humanities & Social Science Studies, 1(4), 109-116. Retrieved from http://www.ijhsss.com/files/Prateeksha-Barman_2r7v9rkr.pdf

Ramesh, G., & Rao, G.S. (2014). Economic Empowerment of Rural Women Through Micro Finance: A Case Study of Eastern Uttar Pradesh. International Journal of Management & Business Studies, 4(3), 35-39. Retrieved from http://www.ijmbs.com/Vol4.3/G-Ramesh.pdf

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Das, Sanjay. K. (2012). Socio-Economic Empowerment of Women through SHG-Bank Linkage Program: A Boon for Development. International Journal of Management &Business Studies, 2(1), 39-46. Retrieved from http://www.ijmbs.com/21/sanjay.pdf

Gupta, R., & Agarwal, S. (2017). A Study on Women Empowerment through Self-Help Groups with Special Reference to Ghaziabad in Uttar Pradesh District. International Journal for Research in Applied Science & Engineering Technology, 5 (6), 1439-1444. Retrieved from https://www.ijraset.com/fileserve.php?FID=8411

Bori, B. (2017). Economic Empowerment of Tribal Women through Self-Help Groups: A Case Study of Gulung Temera Gaon Panchayat under Bokakhat West Development Block, Golaghat District of Assam, India. IOSR Journal of Humanities and Social Science, 22 (11), 1-10. Retrieved from http://www.iosrjournals.org/iosr-jhss/pages/22(11)Version-8.html

Government of India. National Bank for Agricultural and Rural Development. (2018). Status of Microfinance in India 2017-18. Mumbai: NABARD.

United Nations Development Program. (1995). Human Development Report 1995. New York: Oxford University Press. Hasmin Ahmed. URL: http://www.iaeme.com/IJM/index.asp 679 editor@iaeme.com

Islam, N. Mohd. (2012). Sustainable Microfinance- Crucial for Empowerment of Women. In S. K. Chaudhury (Ed.), Empowering Women through Microfinance New Delhi: Discovery Publishing House. pp. 121-134.

Feroze, S. M., & Chauhan, A. K. (2011). Microfinance in India (A Performance Evaluation). New Delhi: New Century Publications.

Jha, Mithilesh. K. (2012). Micofinance and Rural Development: Role of Self-Help Groups. New Delhi: Concept Publishing Company.

Saha, Gour Krishna (2015). Microfinance Sector towards Rural Development in North East India. International Journal of Recent Scientific Research, 6(6), 4845-4849. Retrieved from: https://www.recentscientific.com/sites/default/files/2753.pdf

Roy, A. (2013). Micro-Finance and its Inter-State Disparities in North-East India. Journal of Humanities & Social Science, 1(4).77-92. Retrieved from: https://www.thecho.in/files/micro-finance-and-its-inter-state-disparities-in-north-eastindia.pdf.




How to Cite

Srivastava, S., Sharma, J., & Kumar Gupta, S. (2022). OVERVIEW PAPER ON MICROFINANCE THROUGH SELF-HELP GROUP-BANK LINKAGE PROGRAM FOR POVERTY ALLEVIATION IN RURAL INDIA. Economics, Finance and Management Review, (4), 43–49. https://doi.org/10.36690/2674-5208-2022-4-43



Chapter 2. Development of Finance, Accounting and Auditing